GTO/USDT Secondary trend. Triangle 666%

2021年10月20日

A huge symmetrical triangle with a base of 666% was formed above the resistance of the large cup. Just so you understand in such triangles there is a partial reset of the position (waves, traders' interest). The price is driven into the corner of the formation and is under its resistance. The final part of the triangle is a double-bottom pattern with an ascending minimum with a base of 108%.

Coin Market Coin: GTO

Notice how the people who drive the price of this cryptocurrency are tied to numerical meanings. Pay attention to the numerical values of levels and pump percentages. You probably understand that this is not a random behavior of bulls/bears and other mythical animals in the market, which is displayed on the price chart as a consequence.

This is what the main trend of this pumptocurrency looks like.



Line Chart. For a clearer understanding of the trend.



My non-public trading idea for this trading pair posted on 11/23 2020 (666/11/22) when price was in the set zone before the trend reversed.

GTO/USD Main trend. Dragon

Into the specified zone of resistance level from the reversal +2150%.

2021年10月28日

註釋

Breakdown of triangle resistance (descending secondary trend) +36.6%

2021年11月13日

註釋

Breakout of secondary trend resistance (triangle edge) about +70% to the 7896 level zone (squeeze). Rollback to the retest zone of the level 4469